Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Personal Loan

By Dialabank Subscribe to RSS | April 4th 2012 | Views:
loading
 
  



To know about Personal Loan it is very important for you to understand the concept at first. Personal loan is an unsecured loan that can be used for personal expenses or fulfillment of personal aims. It can be made available to you for any purpose, whether a marriage, to buy property, to start business, to buy car, to renovate your house, to travel abroad, to educate your children, to meet medical expenses, etc. Personal Loan is something that fulfills all your needs for which you keep grumbling always.

To get a personal loan the first thing is proper planning. Know what you need to do with the loan amount, how will you repay the loan amount, what will be the EMI amount, what will be the interest rate given to you, whether the rate of interest will be fixed all through or floating, etc. generally a personal loan amount ranges from 50,000 to 20 lacs. It depends upon your monthly income or salary as to what should be your EMI. EMIs can be calculated with the professional EMI calculators given by the banks or financial institutions. This will help you to know the exact figure you need to save every month in order to clear payments.

Personal Loan: Some advantages/ benefits

Personal Loan with no collateral security:

Personal Loan is generally having no collateral security; it plays a role of secured Personal loan. Here, when the bank provides you with loan of your required amount, it doesn’t ask you to pledge any asset or property or any valuable item against the money given like in the case of gold loan.

Easy documentation

Personal Loan doesn’t require heavy and lengthy paper work. The procedures of application and sanctioning Personal Loan can be completed with minimal paper work. In secured loans, this is the best advantage.

No limitation on end use of Personal loan

All that the bank or creditors are concerned with is whether you are able to repay and whether you are repaying the borrowed money on time. They see whether you pay the amount with the given interest rate according to the terms and conditions already stated and disclosed by the bank. The banks want you to follow the procedures, therefore they verify all about your salary, business or employment, your location, etc.

Personal Loan amount

Loan amount can range from 50,000 to 30 lacs. You can select any amount that is required for you to fulfill your personal needs, not denying the fact of paying the amount back with complete capacity and amount present with you.

Personal Loan: Compare and Buy

Comparing personal loan interest rate with other banks or institutions is mandatory so that you easily save money and can know the market rate of such interest provided to you. Personal interest loan rates should be compared on the basis of your loaned amount and salary, income, profession, etc personal interest rate is generally granted from 12% to 25%.

Apart from comparing interest rates, you also need to look in for the other fee or charges that are applicable along with the interest rates. Te pre payment fee, documentation fee, service charges, etc can shell out your pocket, so be careful and make the most effective and affordable deal.

Whenever you are presented lots of options and different companies Personal Loan with different interest amounts, tenure, etc you should not immediately nod your head towards the most attractive package. Think a while, compare these plans with the most reputed bank deals and offers, see whether you are getting an option that matches all your needs, whether you will be able to handle the loan amount you have accepted, and then move on with it.

For more information please visit us at: http://www.dialabank.com/personal-loan.cfm

Dialabank - About Author:
Gaurav Khurana is an expert on Personal Loan. He is the Founder Director of DIALABANK.COM (or Call 60011600) and Ex National Sales Head – ING Investment Mgt India and Vice President Citibank N.A

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/personal-loan.htm

Related Loans Articles Subscribe to RSS

30 day loan- Ultimate fiscal solution to meet cash crisis
Published by David Hassia on June 19th 2012 | Loans
If you are availing instant funds via 30 day loan, you have the right option to overcome fiscal worr...
 
Getting an easy loan to fulfill your dream of buying a property
Published by Rkweb on July 5th 2012 | Loans
There are various financial institutions across the country that have been rendering useful and valu...
 
Short term loans bad credit- Special loan for bad credit people
Published by Alex Abigil on June 7th 2012 | Loans
In fact, short term loans bad credit is a great fiscal plan especially designed for bad credit peopl...
 
Personal Unsecured Loans: Security gratis loan with passive charge
Published by Steve Matthew on February 15th 2012 | Loans
Personal Unsecured Loan present online lenders at spirited charge secondly and if you pertain to ban...
 
90 day loan no credit check- Ideal choice of financial plan for you!
Published by Alesia Ace on May 31st 2012 | Loans
If you have availed instant funds via 90 day loan no credit check scheme, you may fight against any ...
 
Fast cash loan today- Get cash and overcome instant financial requirements!
Published by Thoms Stuart on January 12th 2012 | Loans
Whenever you are dealing with any financial hardships, you need to apply for fast cash loan today sc...
 
Student loan default might cause bad credit record
Published by Peter Paul on December 22nd 2011 | Finance
Student loan default is a very common problem that is seen globally. Student loans in default should...
 
Fast payout loans-Quick loan service for your needs
Published by Onner Smith on December 6th 2011 | Loans
If you just want to eradicate urgency then it is better for you to avail fast payout loans. This loa...
 
What is the process involved when applying for a secured personal loan?
Published by Julia Bennet on August 21st 2012 | Loans
A secured personal loan is offered to a borrower against collateral and the rate of interest is amon...
 
Secured loan in UK: are an inexpensive economic result
Published by Ian Foster on November 29th 2011 | Loans
Secured loans in UK can be availed by presenting safety beside loan amount and most of the lenders p...
 
Checking account loans- Reliable loan to manage daily expenses
Published by Honard Nork on July 14th 2012 | Loans
No doubt, checking account loans will help you to fight against cash emergencies. So, never miss out...
 
Now feel yourself financially strong with 1 year loan
Published by Sam Thomas on December 13th 2011 | Finance
1year loan is the supportive cash method that is made to produce immediate cash to those who are ten...
 
Fast payday loans no credit check- Apply loan with no worries about credit ratings
Published by Kelin Smith on November 29th 2011 | Loans
With the assistance of fast payday loans no credit check, you have quite capable to pay off certain ...
 
Paycheck today- Fast cash loan available online to help borrowers
Published by Abnir Bond on May 15th 2012 | Loans
Paycheck today is a fast cash support available online. With the loan, you can manage monthly financ...
 
Free money loans- Avail loan with no credit checks
Published by Andrew Stomes on July 13th 2012 | Loans
By availing quick funds via free money loans, it is possible for you to solve unexpected fiscal worr...
 
Loans for Bad Credit- required details and gain cash according to the loan of your selection
Published by Phillip Emerson on March 30th 2012 | Loans
Loans for Bad Credit are a wonderful option for bad creditors. You can choose between unsecured and ...
 
1500 cash- Wonderful loan to help borrowers
Published by Malen Cheks on April 9th 2012 | Loans
If you have obtained instant cash up to $1500 through 1500 cash, you will achieve fiscal emergencies...
 
High risk personal loans- high risk personal loans truly assist individuals with monetary crisis
Published by Steven Walters on December 27th 2011 | Loans
Loans High Risk is simply irresistible. We offer the best options to our elite clients and help them...
 
Online no fax payday loans- Take loan without faxing of documents
Published by Baldwin Will on July 7th 2012 | Loans
By getting quick funds via online no fax payday loans, you can easily get rid of any kind of fiscal ...
 
Text loan: Patch up Urgencies with Comfort
Published by Deniz Jared on June 6th 2012 | Loans
If you need finance at once, you can make your request for text loan to have some instant cash to pa...